Retirement tax questions

 

 


@shammersmith48 wrote:

 

I was not 70 1/2 yrs old until June 24th of 2019. 

How do I get past this error message?



You are probably mistaking a pension plan like a 401(k) for an IRA.   If reporting on the W-2 in box 12 then you do not enter that anywhere else.   Even if you could contribute to a Traditional IRA,  the maximum allowed is $7,000.

 

And it is not the date that you turn 70 1/2, you cannot contribute to a 2019 Traditional IRA if you are 70 1/2 on Dec 31, 2019.  (Note that for 2020 and later that age limit has been totally eliminated.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**